Re: Natural Gas Collar
in response to
by
posted on
Sep 04, 2008 11:12AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
I agree partially with some stuff here. You can't spend cash needed for Algar and you have to maintain cash for future payments. Oil is still above $100 and Oil companies are still making good money. DG should simply put efforts into getting GD up to where it should be and I think he is doing that with the shut down right now. Credibility is what CLL needs, it was doing all things right, and still is except early financing. Algar approval will come. The fact the stock markets in Canada and U.S. are dropping doesn't change the fact that CLL is still a good company. If you plan on buying more pick your spot and soon, once approval comes through the SP will jump by 50 cents, which will bring us back to Fridays close.